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with temperatures dipping in the 20s curtailed some of the events. carol kennedy serving in japan as u.s. ambassador, many leaving origami cranes. >>> secretary of state john kerry is set to continue negotiations in talks with iran over nuclear energy. >>> typhoon haiyan is the deadliest disaster to ever hit the country. 1600 people are still missing. "real money with ali velshi" is next on al jazeera. >> where the jobs are, i'll show you in american cities where hiring is hot. coal is falling to a loss. is it a bargain. plus is toys r us toast. the make or break for the largest toy store chain in the world. i'll ali velshi, and this is "real money." this is "real money." you are the most important part righof the show. join us. job creation has gotten a jolt with job openings and over all hires climbing to a five-year high. i use the word jolt for a reason. it's job open labor report. that's 8.6% higher job openings. this jolt report is important because it's a piece of data that is favored by janet yellen. apparently she likes it because it sheds light on the dynamics behind the more familiar mont
by tweeting me at ali velshi and at ajrealmoney. here to help us is our good ryan is a financial adviser and ceo of optimum capital management. he joins me now. i want to pick up where i left off. asset companies behave differently. they all do different things under the same circumstances which is why i think too many people think of the stock market as on or off, in or out. >> right. you have unsystemic risks, and systemic risks. you can't get rid of systemic risks, but you can diversify away unsystematic risk. so if one stock goes up, you might want to decrease your exposure to that, or if you say i like the low-interest rate environment and the emerging market, so i might want to increase allocation to that. it really tolerance. >> risk tolerance, there are a million ways to get it. i still find that people will find out that they are moderate risk, but then they will want to back up the truck and invest in a hot ipo. >> if you ride it down -- you don't invest according to a motion. you invest according to a plan. a lot of individuals as you said earlier, 16,000 on the dow, 1800 for
, target, and toys "r" us are offering holiday deals closer to thanksgiving. but not this year. they started rolling out deals on friday. there are a bunch of things that are conspiring. plummeting consumer confidence thanks to your government that shut down the government for a while, a shorter holiday season, and recent robust sales of cars and washing machines, that might take away from sales from soft line retailers, things like slows and toys this holiday season. analysts at morgan stanley forecast that holiday sales will go up, but only by 1.6%. that's two percentage points lower over the increase the year before. that would make for the slowest holiday sales growth in five years. because of that they predict the holiday season will be the most promotional one we've seen since the dark days of the recession in 2008. we'll see good deals this holiday season but that may not be enough of a good deal for the broader economy. today on twitter and facebook we've been asking you will you spend more or less this holiday season versus last year? jesse said plan to spend half of w
is falling to a loss. is it a bargain. plus is toys r us toast. the make or break for the largest toy store chain in the world. i'll ali velshi, and this is "real money." this is "real money." you are the most important part righ of the show. join us. job creation has gotten a jolt with job openings and over all hires climbing to a five-year high. i use the word jolt for a reason. it's job open labor report. that's 8.6% higher job openings. this jolt report is important because it's a piece of data that is favor ed by janet yellen. apparently she likes it because it sheds light on the dynamics behind the more familiar monthly jobs report. that same jolt report, that was job openings, shows the number of hires rising to 8.7% increase from last year. with the private sector leading the way, of course. now apparently employers had been feeling pretty confident about the consumer demand. this is in september. thus they were willing to invest and expand and hire more people to accommodate that optimism. since then we've seen consumer confidence come down fueled by the damaging 16-day government
haiyan is making rescue efforts nearly impossible in the philippines. about 80 u.s. marines arrived sunday to help with efforts there - the first wave of aid promised by the u.s. the death toll could rise to 10,000 people. that storm made a second landfall sunday in north vietnam. 600,000 were evacuated from that area. >> secretary of state john kerry says world powers are closer to a deal with iran over its nuclear program despite initial talks didn't come to an agreement. more talks will occur this month. >> the syrian national coalition will attend meetings, but was guarantees that relief will meet all areas, political prisoners must be releeld. >> their the headlines, "real money" is up next with ali velshi. all the latest news on the website at aljazeera.com. data, the most important of all was the monthly jobs report. 247,000 new jobs was added in october. that is a lot more than predicted. still a mixed picture because unemployment inched up to 7.3%. it was 7.2. more jabs were created, more people dropped out of the force. the labour participation rate. people who were worki
, the downward but drought or not, the downward trend is trend is clear. clear. now nobody is using the word now nobody is using the word "bust ." "bust ." but there is a sense that 2014 but there is a sense that 2014 will be a year of retrenchment will be a year of retrenchment for america's corn belt. for america's corn belt. many farmers who got many farmers who got in the boon in the boon late made themselves go bust. late made themselves go bust. and that will have a ripple and that will have a ripple affec affec ririppleeffect on other ririppleeffect on other farmers. farmers. crop insurance programs would crop insurance programs would help keep help keep prices stable for prices stable for farmers. farmers. but republicans and democrats but republicans and democrats are at logger heads over are at logger heads over food food stamps. stamps. congress needs to get a new congress needs to get a new farms bill passed before janua farms bill passed before janua january 31st. january 31st. if not that is one more headache if not that is one more headache that farmers will have to deal that farm
and several others injured. >>> the leader of the taliban in pakistan was was killed. the u.s. had a $5 million budget on his head. he was killed after attending a gathering of 25 taliban leaders who were discussing the pakistani government's offer of talks. >>> president obama said he and iraqi prime minister nouri nouri al-maliki discusse discuss havew they can fight the rising iraqi violence. >>> secretary of state john kerry has talked more about transparency and those are your storiestopstories. "real money with ali velshi" is next. >> let the discounting begin. retailers are desperate to fatten up sales because holiday sales are looking way too lean. why one expert said the consumer landscape is the land of mediocrity. i'm ali velshi, and this is real mone"real money." er >> this is real money. you are the most important part of the show. join us on twitter @aj real money. holiday discounts are here and we're barely into november. even though we have two months to go to buy gifts for christmas, retailers are not starting early just to annoy us. they're genuinely require worrit the
year in part because of a drought. but drought or not, the downward trend is clear. now nobody is using the word "bust ." but there is a sense that 2014 will be a year of retrenchment for america's corn belt. many farmers who got in the boon late made themselves go bust. and that will have a ripple affecriprippleeffect on other f. crop insurance programs would help keep prices stable for farmers. but republicans and democrats are at logger heads over food stamps. congress needs to get a new farms bill passed before janua january 31st. if not that is one more headache that farmers will have to deal with. jim is a corn and soybean farmer in manhattan. not the one i'm in, the one in illinois, and he joins us now. thank you for being with us. >> you're welcome. >> what are you expecting to happen. what is this discussion of corn prices going lower mean to you? >> well, it's a concern because we just, like you were saying, we raised a corn crop, and we need all the markets we can get for our--what we produce. you know, we're at low prices right now. if we lose another--they're talking $0.15
john kerry said the u.s. and other international powers were united on a nuclear deal with iran even though iran failed to accept the proposal. and the nuclear watchdog agency said iran is willing to let inspectors take a look at a number of sites. and the curfew in egypt has been lifted. a senior leading of a militant lead linked to al-qaeda is dead. he was killed and it will on sunday. in 2010, the u.s. designated him a global terrorist. america pays tribute to his veterans. president obama lays a wreath at the arlington national cemetery in remembrance of those who served the country. "real money with ali velshi" is next on al jazeera america. ♪ >>> fill her up, gas prices head towards $3 a gallon. plus give ing veterans the weapon they need to succeed in the gi bill. and the efforts to help immigrants stay and succeed in america. i am ali velshi, this is "real money." ♪ >>> this is "real money," you are the most takt part of the show, so join our live conversation for the next half hour on twitter. the national average for gasoline is now 40ing cents lower than september 1st.
ratings went in the tank. there's a bipartisan recognition to move forward. dwight icen hower brought us the highway system, ronald reagan immigration reforms. elizabeth dahl - her favourite moment, the passage of the minimum wage. >> let me ask - minimum wage. the president came out with support for a higher minimum wage, we have a minimum wage that does not suggest we are a wealthy country in the world. people that work at minimum wage need to earn more than they earn. but we need to create jobs, many jobs are entry level. >> nobody who works a full-time job should have to live in poverty. the former ceo of costco demonstrated that you don't have to make a choice between your shareholder and worker. you go to a cosco store and workers make $15-$20 plus health benefits, he demonstrated that you can have a retail business model that takes care of your employees, and offers a competitive product for your customers and a great return for your investors. i spoke to many leaders recognising that the increase in the minimum wage is not a moral imperative, it's an economic imperative. when you
the trading scandal? sheila has been closely tracking the case. thank you for being with us. >> thanks. >> kind of remarkable that this is bigger than the hedge fund would ever get. >> yes. and at the end of the day even after paying almost $2 billion to the government stephen coen will still have a very sizable fortune and of course his lifestyle is not going to take that big of a hit. he is still buy expensive painting, and still be admired on wall streert. >> sure. i think as journalists, we can fairly say some of the stuff that they are accused of having done are kind of disgusting. this is pure old fashioned insider trading. give me some examples of what they were accused of doing. >> yes, this is something new. essentially the government accused the company of allowing quite a large number of employees to trade on non-public material information, so that is information that has the power to move a stock price that other people in the market don't have. and his company hired people specifically, allegedly, because they had contacts at publicly traded companies. he also allegedly h
. some remote areas need supplies still. >> a u.s. drone malfunctioned and crashed into a navy ship during training off southern california. two sailors were hurt. it happened saturday afternoon, the ship arrived in san diego for repairs. >> sony says it sewed 1 million playstation consoles during the first 24 hours on the market. it's facing competition from microsoft's xbox 1 going on sale soon. >> "real money" is next, and you can catch us online with aljazeera.com. i'm david shuster in for ali velshi. >> this is "real money," you are the most important part of the show. follow us, leave a comment on our facebook page. this week we've told you about the stock markets bull rup, the s&p which mimics the stock holdings gained 26%. the year is not over the the stocks are tearing through a 4-year bull run, a market rallyicing up gains of more than 20%. today's goes back to the market bottom on march 9, 2009. if you invested $1,000 in march 9th, it would be worth, $2,069. no one felt like investing back then. why buy low when everyone was in the market. it's the time to buy, right. it
's correspondent joining us. check out the website for more news on the iranian deal, aljazeera.com. >> jpmorgan playing a hefty price for its part in the financial collapse, how the $13 billion can help some home owners. a small city makes a big promise, kids that graduate high school get free tuition: i'm ali velshi, that is "real money." of the show so join the conversation with the @aj real money. on twitter. >>> j.p. morgan disagreed on tuesday, to pay a whopping $13 trillion, $8 billion will go to settle claims made by various federal agencies. another $1 billion will go to five states that sued the bank. but here's what might be the moss interesting part. about $4 billion will go to consumer relief. now of that $4 billion, about half, will go to actually reducing the principal on j.p. morgan-head loans. where the value of the mortgage is higher than the value of the house. some of that money will also be put to restructuring the mortgages to reduce the monthly payments and of the remaining $2 billion some will go towards subsidizing mortgages for low to middle income borrowers, some will
". >> this is "real money" you are the most important part of the show. join your live conversation on twitter using the handle@aj real money. >> a historic deal for iran could mean relief for americans filling up at the pump. the price prices have fallen slightly. despite the fact that know no additional iranian crude has hit the market as a result of the deal. iran's markets are the fifth in the world. any let up in the sanctions will boost supply and push prices lower in the coming months. iran's oil exports have fallen to a half to just a million barrels aday since the sanctions took a bite in early 2012. that is when the u.s. put in restrictions on payments that made it hard for iran to sell it's oil. despite the sanctions iran kept pumping oil and it's stored around the world it's oil that no one will purchase at the moment. if all goes well with ey iran wh the negotiations with the u.s. an others sanctions could be reduced if that happens a lot of oil will come on line. the question for americans is how does this affect the price they pay for gasoline . the national average is up seven cents
>>> u.s. economy is not ready to fly without the feds help. says the next boss, janet yell own. but our expert says the feds may drop out sooner than later. plus why the president's about face on obama care could come back to haunt consumers in the long run, americans kicking the habit when it comes to credit cards, i am ali velshi and this is "real money." ♪ ♪ >>> this is "real money," you are the most important part of the show. join our conversation not next half hour on twitter using ajrealmoney. janet yell edge. that's her over there. but first she needs to get approval from the senate. on thursday she started that process with a bit of grilling from senators over the feds' multi billion dollars bond-buying program that works to keep interest rates low. fed chairs have a long history of monetary speak. an obtuse language that most americans find hard to understand. i was ready interpret a lot of her speech for you. but she is clearer than most fed officials. listen. >> i believe it could be costly to withdraw a commen commendatir fail to provide adequate accommodation.
conversation not next half hour on twitter using ajrealmoney . janet yell edge. that's her over there. but first she needs to get approval from the senate. on thursday she started that process with a bit of grilling from senators over the feds' multi billion dollars bond-buying program that works to keep interest rates low. fed chairs have a long history of monetary speak. an obtuse language that most americans find hard to understand. i was ready interpret a lot of her speech for you. but she is clearer than most fed officials. listen. >> i believe it could be costly to withdraw a commen commendation r fail to provide adequate accommodation. on the other hand, it will be important for us also as the recovery proceeds to make sure that we do withdraw accommodation when the time has come. >> it's not exactly dinner conversation, in plain english what yellen said is, yes, eventually we'll stop donating $85 billion a month to the u.s. economy and when we do it, it could hurt, so you all better start getting comfortable with the idea. when it came to explaining why the fed keeps on with t
" >> this is "real money", you are the important part of the show. tell us what you think. the roll out of obamacare insurance exchanges is off to a bad start. you know that. newly released documents reveal a handful of people signed up for insurance on 1st october the the day they opened for business. by the second day it was 248. to those that tried and failed to sign up using the government's website, everyone from president obama himself to health and human services secretary kathleen sebelius has apologised for the website's problems and vowed to fix it. we are hearing conflicting reports about what went wrong with the roll out. cgi, the contractor developing the site may have warned the obama administration that it would not be ready tro go live on october 1st. we know the administration says it needs until the end of november to fix the technical glitches. that's two months after it launched. to comment the penalty for not enrolling under the new law is effectively waved for six weeks. the new deadline will be march 31st. if you are one of the estimated 15 million americans who buy your own i
. >> thousands in pakistan call for an end to drone strikes. they blocked a road nato uses to bring supplies to afghanistan. >> in syria - a major below to the bashar al-assad regime. rebels seize an oil field. the loss of the field means almost all access to the fuel reserves has been cut off. they'll have to rely on imported oil. >> a major storm system that's heading east across the united states has caused chaos. at least eight people have been killed because of the storm. three in california. strong winds brought down trees and powerlines. winter storm warns are in effect for parts of california through today. they are the headlines, i'll be back at 8:00 pm eastern. "real money" with ali velshi is next. for updates go to aljazeera.com. >> jpmorgan chase, paying a hefty price for its part in the collapse. also a small city is making a big promise. kids who graduate high school will get free tuition. plus beyond twitter. the search for the next hot tech ipo. this is real money and i'm ali velshi. this is real money. you are the most important part of the show so join the conversation with
sentenced to something years in prison, but that process could take months. >>> one group is using black friday as an opportunity to protest against the nation's largest retailer. nearly a dozen people were arrested including two walmart employees during this protest in chicago. hundreds of similar protests took place across the country. we're pushing for better wages and working conditions. those are the headlines. "america tonight" is up next and you can always find us on al jazeera.com. >> forget about the mall, what about shopping for tech shops. and go digital or go home. it's down to the wire for small theater owners who are still relying on old film projectors. i'll take to you the movies in maine. i'm ali velshi. this is "real money." ♪ >> this is "real money." you are the most important part of the show, so join our live conversation for the next half hour on twitter at aj real money. legend has it today is called black friday because it's the day retailer he's balance sheets went from being in the red, unprofitable, to being in the plaque, profitable. but this year's black fr
says we shouldn't be fooled. >> a think a lot of people are saying this is a good indication for the u.s. economy it will be able to weather the fourth quarter shutdown and so forth, but i'm a little concerned because the growth rate of personal consumption expenditures has been very, very week. the business investment numbers are negative? fact not only did they not grow they fell. >> what is most worrying is the pull back from the consumer who's spending directs two-thirds of all economic activity in the united states. in the three months in september we only saw personal spending rise by 1.5%. uncertainly out of washington raising interest rates and fairly anemic job growth are all sapping consumer confidence, but one segment is doing just fine. patricia sabga tells us the tail. >> reporter: designer handbags to high-end homes wealthy americans are lapping up luxury, fuelling growth at high-end retailers such as michael cores which saw a 31% increase in the sales last quarter. but further down, belts are tightening. wal-mart cut its forecast as its conscious consumer reigns in spendin
given us longer bull runs. the one in the 1990s gaining 4000% before the tech bubble must early 2,000. still the average bull rally, is five years which means this is running longer than most. does the stock market still have room to run or is it setting up for a big correction? jim lowell managing $726 billion, jim, good to see both of you, jim lowell, let me start with you. just because the market is up 25%, just because the market is up 161% since march of 2009, is that a reason for my viewers to be concerned about their investments? >> no, it's not. but if it's the only reason you're thinking of investing in this market is because it is up, i recommend that you step to the side and reconsider what you mean by investing an how you few yourself as an investor. the reality is peak markets, in trough market there is are always key opportunities. the key is to figure out the find of managers, the track records that body well for these kinds of conditions. the reality is that the global market especially as you look at europe and the emerging markets, they have not been as robust as
, aljazeera.com. money." >> this is "real money." you are the most important part of the show. join us on twitter at @aj real money. america's biggest bank makes history by signing off on america's biggest legal settlement ever bin a single entity. jp morgan paid to pay a whooping $13 billion to resolve claims over the sale of toxic securities that helped implode the financial system back in 2008. $8 billion will go to settle claims made by various federal agencies. another $1 billion will go to five states who sued the bank. but here's what may be the most interesting part. $4 billion will go to consumer relief. of that $4 billion, half will go towards actually reducing the principle on jp morgan-held loans where the value of the mortgage is higher than the value of the house. some that have money will be put towards restructuring some mortgages to reduce the homeowner's monthly payments. and out of the remaining $2 billion some will go towards subsidizing new mortgages for low to middle income borrowers. some may go to cleaning up properties in distressed areas or tearing down abando
. >>> and president karzai's are prompting threats from the u.s. to withdraw all of its forces after 2014. >>> the rescue operation is underway off the bahamas. these dramatic images from the u.s. coast guard show 100 people clinging to the hull of a capsized boat. the overloaded sail boat was carrying haitian migrants. it's feared as many as 30 people have drowned. 110 people have been rescued. those are the headlines at this hour. i'm tony harris. "real money with ali velshi." >> well, the housing market come back is alive an well. people are building, prices are risingish i'll talk to an expert what happens when mortgage rates start rising as well. big box retailers stepping in when banks won't to help americans renovate their homes. and banks and homeowners should have seen this one coming. i'm ali velshi. this is "real money." ♪ >> this is "real money." you are the most important part of the show. join our live conversation using the handle aj real money on twitter. home prices gaining a whop be 13.3% compared to september of 2012. that's according to the latest sip home price inde
down the street in camden we used to leave our doors open and your our bikes e sidewalk. you can't do that now. >> camden is a snapshot of urban decay in america. with a population of 77,000 camden has lost more than one third of it's residents since 1950. rated the poorest city in america last year. nearly half of all pool in -- people in camden live in poverty. >> the signs are obvious and the effect are deadly. hours before we ey arrived in camden a 5 53-year-old woman ws shot in her home. she was sitting on the sofa and the bullet came through her window. last year camden had the highest homicide rate for cities larger than 5 50,000. there are mor more 170 open air drug markets for users compounding the problem was a corrupt and ill effective police force. crippled by rampant absenteeism. >> your grandson was shot here in camden? >> yes. in an area that we would normally have had a police officer patrolling. the camden police chief just over saw what was the biggest police department overhaul in the u.s. too broke to hire more officers. the city came up with a radical plan subsid
contracting, projecting use of network with of doctors. they need to look at all the levers that are available to them. >> julie stone, senio. thank you. >> thank you for having me on. >> 200,000 factory jobs. sounds great, but the next generation of workers are not up to the task. plus the legal marijuana market is producing a new high for investors. weed as a commodity, you bet. we will explain. >> american manufacturers are facing a ticking biological clock of retiring workers and not enough young people properly trained to replace them. one of the conclusions published, finding 80% of the manufacturing workforce between the ages 46 to 65. one-third of manufacturing employees are between 55 and 64, and starting too look towards retirement, and three-quarters of the manufactur manufacturersd say 25% of their workforce is under the age group that the manufacturers need for the future. this comes when manufacturers are already trying to fill 200,000 skilled factory jobs. they're saying there is a brain drain that companies need to take more seriously. we're joined now, paul, how much of this y
, and this "real money." >> this is "real money." you are the most important part of the show. join us in the next half hour on twitter using the handle at jj real money. i just mentioned twitter. twitter set it's ipo price at $26 a pay. but that's what the big boys will pay. regular investors get their first shot at it sometime thursday morning. and their bids will be on the women's of the market. they could pay more or pull a facebook and see their shares drop below the ipo price. it's symbol is twtr. it's valued at $14 billion. that's a lot. some would even say overvalued for a company that has not made actual money. the pros judge these things by mayoring the stock price to the company's revenue. the to come is more than 12 times what it estimates its sales to be in 2014. that's pretty high. nor context the s&p 500 price is 1.6 sometimes sale1.6 times sal. it pushed the dow on wednesday to an all time high. whatever gain you use common sense tells us that you invest in the stock because you believe the company is going to turn a profit, hopefully one day. that day has not arrived yet for twitt
, boiling and buying a lot of oil. and they'll look at support holding range of $90 a darrell. this gets us back down to that national average of $3.19. we are also manufacturing winter-grade gasoline, which is cheaper to manufacture. when you look at a full year's worth of pricing, you see we have our people's exhibit and our a tough. given the long-term fundamentals that is access to a lot of oil here in north america, increased pipelines and transportation, getting that oil to where we need it, we are improszing the processes as we go along, so we are in a long-term trend of lower oil prices and lower gasoline prices. >> and it's interesting when you adjust for inflation, prices today are $0.30 a gallon cheaper than back in 1980. >> absolutely. >> steven great to see you again. thank you so much for joining us. >> great to be here, thank you. >>> lower oil and gasoline prices are also shining a spotlight on ethanol. as early as tuesday the environmental protection agency may tell oil refiners how much ethanol they have to boil into the gasoline they produce. brine klecher joins me from h
money." >> this is "real money" and you're the most important part of the show. join us on twitter . the troubles keep piling up for president obama and his signature healthcare law. the president is facing a backlash over his plan to extend insurance policies canceled because they don't imply with the affordable care act. on friday executives gathered at the white house to say that his moves would create new problems for the industry and create higher premiums. insurance commissioners grade, and in case you didn't know it, the insurance plans are regulated by the states, not the federal government. but house republicans passed a bill that not only renews insurance plans canceled by obamacare but allows allows issuance besides obamacare law. >>> the bill will never see the light of day in the u.s. senate and become law. just in six weeks obamacare law has gone from problematic to chaotic. first confuse over policies up for cancellation. at the heart of the latest issue is why those canceled plans don't measure up to the requirements of obamacare. insurance companies are canceling p
part of the show. follow us, leave a comment on our facebook page. this week we've told you about the stock markets bull rup, the s&p which mimics the stock holdings gained 26%. the year is not over the the stocks are tearing through a 4-year bull run, a market rallyicing up gains of more than 20%. today's goes back to the market bottom on march 9, 2009. if you invested $1,000 in march 9th, it would be worth, $2,069. no one felt like investing back then. why buy low when everyone was in the market. it's the time to buy, right. it seems that way given how many of you are piling in. investors poured $19.6 billion into u.s. stock mutual funds. the total reached $167, the highest since the year 2000. generally speaking mutual funds are marketed to restale investors, people like you. they are a good way to measure your appetite for the market. 45%. investors say they are bullish on the stock market. according to the latest survey. it is 6 points higher than the long-term average. it makes sense. now the stock market is the only game in town for individuals wanting to build their wealt
of the show. join us live reason twitter @aj real money. the national average consumer credit score hovers at 691, like the fico score, the credit score that you're used to, that banks judge your credit worthiness, experian uses a similar credit system. not all generations are created equal. millennials, young adults, age 19 to 29, they have got an annual credit score of 628. that's the lowest of all groups by far before their average debt includes credit cards, car loans, student loans, what's more, millennials have the fewest number of credit cards but they overutilize them buying pizza and beer on a friday night instead of keeping them around for a rainy day. and these folks are developing bad credit habits early by paying their bills late. now people age 30 to 46, i'm going to lump myself in that crowd. they're only marginally better off with the average credit score of 653. they carry the highest debt of any age group. they average even more late payments than the millennials and any other age group for that matter. baby boomers, 47 to 65 are faring much better. the debt they carry is
the recession. the average why score hovers at 691. like the fico scores that the banks use to judge your experience when you get a loan, 800 an above signifies great credit. anything below 600 means you're low risk. millennials ages under 29, average debt which includes all credit cards, car loans and student loans is $23,332, and what's more millennials have the fewest number of credit cards. but experience say they overutilize them. using them for beer and pizza on a friday night, instead of for a rainy day. they have bad credit history by paying their bills late. 30 to 46 are only marginally better off with an average score of 653. they happen to carry the biggest debt, $30,0 39, but baby boomers age 40 to 65, average 700. the debt they carry is only marginally less than the gend gen-xers. baby boomers thrived at an economy that is growing faster than it is today, while having more access to capital. gen xers, today's gap could signify less opportunity for many. the kind that has less access to capital than their parents had. >>> many put themselves in a hole because they can't pay th
are the most important part of the show. join our live conversation using the handle aj real money on twitter . home prices gaining a whop be 13.3% compared to september of 2012. that's according to the latest sip home price index, the most comprehensive survey of the housing market out there. the last time we saw gains like this was in february 2006 before the housing bubble was about to burst. since then housing has made a spectacular recovery, but homes prices are well below where they were at in 2006. we saw the largest near gains in the west. seeing homes prices shooting up 29.1%. los angeles, san francisco, phoenix, 18.6%. other regions saw big gains, too. atlanta, which was hard hit during the recession saw 18.7%. detroit, 17.2%, and once those hard-hit florida cities saw impressive gains of 15% each. now that's the case schiller report. a separate report put out by the government shows permits to build new homes rose 6.2% in october. that's the biggest jump for permits in five and a half years. both building permits and home sales are key indicators of gains. some thought the shut dow
. and from all of us here at al jazeera america, we want to wish you a happy thanksgiving and happy hanukkah. enjoy the night. ♪ >>> it's a fight for your money this holiday season with retailers in one corner and shoppers in the other. and one day you might live in space. plus xbox versus sony, who has more game, and should you get in on the action? i'm ali velshi, and this is "real money." ♪ >>> this is "real money." you are the most important part of the show to join our live conversation on twitter for the next half hour. it is no secret that retailers are getting ready to gobble up your shopping dollars this holiday season, but they are not the only ones. charities are also counting on the gift of giving over the holidays, charities get more than a third of their funds in the final part of the year. the good news, is that americans are among the most generous givers in the world. the median amount americans give in a year is estimated to be $2,564. donate fors donated $29 billion to charity. that number is way down from pre-recession levels. this year the chronicle of philanthropy f
stores but they're using apps to find the best deals. >> there is going to be an enormous surge in the role that apps play . >> ecommerce sells this season will hit $80 billion and a lot of that will be done on smart phones and tablets. >> app developers are figuring out how to create shopping experiences that are on par and in a lot of cases better than what you get in the store. there is an opportunity to learn more about the product, watch demo videos, what it does and how it works. >> reporter: survey shows smart phone owners have three or four shopping apps. nearly half of black friday purchases will be made on mobile devices. >> we've dean great growth, we've seen double digit growth over the last ten years. >> reporter: the consumer reports that just came out say 56% of americans don't want to set food i in a store during this shopping gleeked you've been there for many hours today. have you been talking to people? is there something obvious that they're buying or an obvious deal that they're getting? >> this is one of the most interesting things, ali. people are buying f
of the show. join our conversation over the next half hour on twitter to use the handle #real money. >>> the government added 204,000 new jobs in october. but don't get too cared away. all these jobs reports are revised after the fact. and we just got the revision for september. it was revised upward. i know you're not getting excited. consumer sentiment is down to its leos point in two years. and concern, is always jobs security. that's understandable like our economic recovery as a whole the october jobs numbers painted a very mixed picture. the unemployment rate actually inched upward to 7.3% despite the number of jobs added. this might have come in lower if not for the hundreds of thousands of federal employees furloughed from their work during the government shutdown. they were counted in the calculation of this unemployment rate. either way ignore this. ignore this every month. more so this month. focus instead on the number of jobs added. i'm not done yet. i do want you to pay attention to this one. the labor force participation rate, 62.8%. that is the lowest we've seen in m
. the u.s. and afghanistan have reached a deal to keep american troops in the country after 2014. secretary of state john kerry declined comment on details of the final u.s.-afghan security pact language, and he noted that president hamid karzai did not ask for an u.s. apology in those security talks. >>> reducing sexual assaults in the military, the senate is debating a new measure that would dramatically change how cases are handled. >>> reverend billy graham is back in the hospital. family members insist that graham is in good health and they expect him home in just a few days. president obama pays tribute to president john f. kennedy. he laid a wreath at his grave side after honoring more than a dozen of americans with the medal of freedom. friday marks 50 years that kennedy was assassinated. "real money with ali velshi" is next on al jazeera america. >> call it the credit generation gap. young adults struggling with low credit scores and late payments while boomers have their act together. i'll give you the reason. also small banks making a big role in a community. we'll tel
the best people locally find the best organizations to give to. organizations to give to. >> jason i used to have hair >> jason i used to have hair like yours, but i pulled it out, like yours, but i pulled it out, because people don't budget. because people don't budget. we always say you know how it is we always say you know how it is going to effect your budget, going to effect your budget, which most people don't have which most people don't have budgets. budgets. and you have a suggestion, and and you have a suggestion, and that is whatever money you plan that is whatever money you plan to give, you have a 50-30-20 to give, you have a 50-30-20 rule. rule. explain that to explain that to me. me. >> i came up with this rule as a >> i came up with this rule as a quick way to think about how to quick way to think about how to break up your giving. break up your giving. the biggest complaint i here is the biggest complaint i here is i don't know if my giving i don't know if my giving matters or if there is any matters or if there is any impact, and people don't have impact, and people don'
part of the show, so please join our conversation for the next half hour, use the handle at aj"real money" on twitter. so washington budget battles are heating up again. this week the renewal of a farm bill that expired on october 1st. what is more a temporary expansion to the food stamp program is get to expire tonight. every five years congress passes a new farm bill that sets limits. last year farmer subsy idyes in the united states totaled $14.9 billion. and the government paid out crop insurance totaling $15.8 billion. it guarantees farmers a price for their crop. critics charge that big argi businesses benefits more than small farmers do, but both sides in washington seem to agree on keeping most of the subsidies in place. earlier today we spoke with agriculture secretary. >> a lot of people don't understand the risks associated with farming. farmers may spend 500 or more dollars an acre putting in a crop. and they can lose some or all of their operation in an entire year. that's why it is important to have the safety net for farmers. >> now despite being called the farm
a security agreement with the u.s., despite his comments that there is mistrust on both sides. if the deal approved some troops could stay in afghanistan past -- make that 16 senators. say they want to increase sanctions on iran as soon as possible. meanwhile six nations are trying to get iran to roll back it's nuclear program, increasing sanctions is one of the bargaining chips. by approving the biggest rule change in decades. democrats invoke the so called nuclear option, revising filibuster rules, the move came after republicans continually blocked president obama's executive and judicial nominations. it will now take a simple majority vote to approve most appointments. after more than a decade in prison, kennedy cousin is free tonight, he was released from prison after the hours ago on 1.2 parkland memorial hospital dollars bail. he was sentenced to 20 years to life in prison. after being convicted of killing martha moxley in 1975, last month a judge ruled his attorney failed to represent him properly. those are the headlines "real money" with ali velshi is next. >> big retailers and b
you for being with us. >> thank you for having me. good to be here. >> you're looking at somewhere between 4.1, and 4.9% compared to a year earlier. >> yeah, i think we are slightly more optimistic that the ihs numbers. i think we are feeling lit be at the lower end of that range, we think lit be between 4.45%. which is the incredible glut of promotional activity, that has already started to take place. which really will create a sense of urgency, that hasn't existed. that will drive consumers into the stores. >> that was a remarkable -- that is when everything was going bad, and retailers didn't have time to plan ahead, so they had too much inventory, and it was flying off the shelves. they were giving it away, what's the urgency? what is going on with the consumer? we know housing prices are still good, we know the stock market is still going, we know the consumers did seem to go okay, where is this pessimism coming from? >> what is interesting about this year, is it is really a tail of two consumers. the top third make up about 60% of total consumption. and they are fielding pre
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